GST Return Filing Online
GST return filing has become more accessible in today’s digital age. With online GST return filing, businesses can save time and resources that would have otherwise been spent on manual filing. GST return filing online allows for a seamless and hassle-free process. All you need to do is log into the GST portal and enter your details, including sales and purchase invoices, and the system will generate your return. The benefits of GST return filing online are numerous. It saves time, reduces errors, ensures compliance with regulations, and provides real-time information on taxes payable and credits available. Do you need help with filing your GST returns online? Let Kanakkupillai assist you! Our team of experts can guide you through the process and ensure that your returns are filed accurately and on time. Don’t risk penalties or legal consequences for non-compliance. Contact us now to get started on your GST return filing.
GST Return Filing Online in India - Overview
GST return filing is the process by which businesses registered under GST submit details of their sales and purchases of goods and services, along with the tax collected and paid, to the tax authorities on a monthly, quarterly, or annual basis. Introducing a comprehensive income tax system like GST in India has ensured that taxpayer services, including registration, returns, and compliance, are well-organized and properly aligned. Kanakkupillai offers 100% Online GST Return Filing services in India.
Individual taxpayers are required to file four forms for GST returns: returns for supplies returns for purchases, monthly returns, and annual returns. It is mandatory for all entities with a valid GST registration to file GST returns, regardless of their business activity, sales, or profitability. Even a dormant business with valid GST registration must file a GST return. A GST return is a document that contains details of all income or expenses that a regular taxpayer is required to file with the tax authorities.
To be eligible for GST Return Filing In India, a person must have a valid GSTIN and compulsorily file GST returns. Additionally, a person whose annual turnover crosses Rs. 20 lakhs must obtain GST registration and file GST returns mandatorily. For special states, the limit for annual turnover is Rs. 10 lakhs.
In India, GST return filing must be done electronically, such as on the GST portal. However, taxpayers can also file GST returns manually. Such returns are submitted offline and uploaded to the GSTIN portal by the taxpayer or a facilitation centre. With the new GST return filing system, GST-compliant sales and purchase invoices are expected. You can generate GST return-compliant invoices, a list of goods or services provided, along with the total amount due for payment.
Different Types of GST Return & Frequency of Filing
- GSTR-1: GSTR-1 is used to provide details of all outward supplies of goods and services made or transactions conducted during a tax period, including the declaration of debit and credit notes issued. All "normal taxpayers" must file this form, except for small taxpayers with turnover up to Rs. 1.5 crore in the previous financial year. The frequency of this GST return filing is monthly. (If chosen under the QRMP scheme), it will be quarterly
- GSTR-2 SUSPENDED: GSTR-2 has been suspended. Returns are optional to be filed.
- GSTR-2A: GSTR-2A is a read-only return that shows details of all inward supplies of goods and services received from registered suppliers during a tax period based on information filed by the suppliers in their GSTR-1 return. No action is required for this return. The frequency of GST return filing is monthly.
- GSTR2B: GSTR-2B is an auto-generated document that acts as an Input Tax Credit (ITC) statement for taxpayers. It is generated on the 14th of the following month and helps reduce the time taken to file returns, minimise errors, ease reconciliation and simplify compliance.
- GSTR-3 SUSPENDED: GSTR-3 has been suspended. Returns are optional to be filed.
- GSTR-3B: GSTR-3B is a monthly self-declaration to be filed for collecting details of all outward supplies made, input tax credit claimed, tax account defined, and taxes paid. All normal taxpayers registered under GST are required to file this form. The frequency of filing is monthly.
- GSTR-4 (CMP-08): GSTR-4 is the GST return that must be filed by taxpayers who have opted for the "Composition Scheme" under the GST. It is the return that has replaced the now-defunct GSTR-4. The frequency of this GST return filing is quarterly.
- GSTR-5: GSTR-5 is the return that must be filed by non-resident foreign taxpayers under GST conducting business transactions in India. It contains details of all outward supplies made, inward supplies received, credit/debit notes, tax liability, and taxes paid. The frequency of filing is monthly.
- GSTR-6: is a monthly return that must be filed by an Input Service Distributor (ISD). It shows details of input tax credits received and distributed by the ISD. The frequency of filing is monthly.
- GSTR-7: GSTR-7 is a monthly return filed by individuals required to deduct Tax Deducted at Source (TDS) under GST. It contains details of the TDS deducted, the TDS liability is payable and paid, and the TDS refund claimed, if any. The frequency of filing is monthly.
- GSTR-8: GSTR-8 is the monthly return that must be filed by e-commerce operators registered under the GST (TCS). It contains details of all supplies made through the e-commerce platform and the TCS received simultaneously. The frequency of filing is monthly.
- GSTR-9: GSTR-9 is the annual return must be filed by taxpayers registered under the GST. The 37th GST Council meeting decided to make the filing of GSTR-9 optional for businesses with turnover up to Rs. 2 crores in FY 17-18 and FY 18-19. It includes details of all other supplies made and inward supplies received. It is a compilation of all monthly or quarterly returns filed through GSTR-1, GSTR-2A, and GSTR-3B during that year. It is not required to be filed by taxpayers who have opted for the Composition Scheme, Casual Taxable Persons, Input Service Distributors, Non-resident Taxable Persons, and Persons paying TDS under section 51 of the CGST Act.
- GSTR-9A: is an annual return that needs to be filed by taxpayers enrolled under the 'Composition Scheme' for a financial year. However, filing for "Composition taxpayers" was suspended for FY 2017-18 and FY 2018-19 as per the 27th GST Council meeting. The frequency of this return is quarterly.
- GSTR-9C: is a reconciliation statement that all taxpayers must file under the GST with a turnover exceeding Rs.2 crore in a financial year. The frequency of this return is annual.
- GSTR-10: A GSTR-10 return refers to the final return that a taxpayer needs to file after the cancellation of their GST registration or surrender. The deadline for this GST return filing is within a quarter from the date of cancellation of registration.
- GSTR-11: GSTR-11 is a return that individuals must file designated a Unique Identifying Number (UIN) to claim a refund under GST for the goods and services they purchased in India. UIN is an allocation made for foreign diplomatic embassies, which are not liable to pay tax in India, to claim a duty refund. GSTR-11 will include details of internal supplies received, and refunds claimed.
GST return file is mandatory for the following categories of taxpayers:
- Regular taxpayers: Registered businesses with an annual turnover exceeding the prescribed threshold (depending on the state) must file GST returns regularly. These taxpayers must file monthly or quarterly returns, depending on their turnover.
- Composition scheme taxpayers: Small businesses with an annual turnover below the prescribed threshold can opt for the composition scheme. Taxpayers registered under this scheme need to file quarterly returns.
- Input Service Distributors (ISD): Entities that receive input services and distribute them to other branches or units of the same organisation are considered ISDs. They must file monthly returns showing the details of input services received and distributed.
- Non-Resident taxpayers: Non-resident individuals or companies conducting business in India must file GST returns for the period they carry out taxable supplies. They need to file monthly returns, irrespective of their turnover.
- E-commerce operators: Online platforms that facilitate the supply of goods or services are classified as e-commerce operators. They need to file returns on behalf of sellers registered on their platform, providing details of supplies made through their platform.
- Tax Deducted at Source (TDS) deductors: Certain specified entities, such as government departments, local authorities, or statutory bodies, are required to deduct TDS on payments made to suppliers. TDS deductors need to file monthly returns providing details of TDS deducted and deposited.
GST Return Filing under the Composition Scheme
Composition Scheme registered persons must pay taxes using CMP-08 every quarter and file GSTR-4 annually. The GST return filing due is on the 18th of the month following a quarter, i.e., April 18th, July 18th, October 18th, and January 18th. The return should include invoice-wise inter-state and intra-state inward supplies and consolidated details of outward supplies made. Suppose a registered person opts for the composition scheme from the start of a financial year. In that case, they must file monthly GST returns until the due date for furnishing the return for September of the succeeding financial year or the preceding financial year's annual return, whichever is earlier. Even if a taxable person opts for a composition scheme from April, they must file monthly GST returns until September.
GST Return Filing Online: Procedures
To file GST returns online, the government has introduced the Goods and Service Tax Network (GSTN) on the GST portal - www.gst.gov.in. Here are the steps to follow:
Step 1: Visit the GST portal
Step 2: Obtain a 15-digit GST Identification Number (GSTIN) based on your state code and PAN
Step 3: Upload the relevant invoices on the portal, and obtain an invoice reference number for each
Step 4: Once all the invoices, inward and outward returns, and monthly GST returns are uploaded, review and verify the data before submitting the returns.
fillingone offers user-friendly online platforms for GST return filing services. Their dedicated representatives will assist you throughout the process and collect all the necessary documents.
Different Types of GST Return Filing Invoices in India
A stock bill is identified with a GST Return Filing in India receipt aside from the announcement of gracefully does exclude any assessment cost as the dealer can't force GST return filing to the customer. It gets given in situations where expense can't be charged: The Registered person is trading excluded goods/services and who have selected for "composition scheme."
As per Notification No. 45/2017 – Central Tax on 13th October 2017, If a recorded individual provides taxable and excused merchandise/administrations to an unregistered individual, he can start a solitary "invoice-cum-bill of supply" for all before-referenced stocks.
Total Invoice
Suppose the utility of different bills is less than Rs. 200, and the Buyer needs to be registered. In that case, the seller can give an aggregate or mass receipt for the different invoices consistently.
Debit And Credit Note
A debit note is given by the vendor when the sum payable by the Buyer to the seller increments and when the Tax invoice has a lower taxable worth.
A credit note is given by the vendor when the expense of receipt diminishes, the Tax invoice has a higher taxable value, the Buyer discounts the products to the supplier, and the services are discovered to be inadequate.
Who should precede GST Invoices and the compulsory fields a GST Invoice admits?
The Goods and Services Tax (GST) subsumes numerous indirect taxes forced by the Centre and State, for example, excise, VAT, and administration charges. It is required for the two goods and services sold in the country where- GST return details filing lessens the plunging impact of the tax, essential in the commencement of registration, produces a plan for independent companies, sheltered and direct online strategy, lesser in docility, individualised treatment for E-commerce supervisors, expanded in the effectiveness of logistics and managed unorganised sector under the GST.
If you get a GST annual return recorded business, you must provide GST-compliant invoices to your clients to offer merchandise and enterprises. Your GST-recorded vendors will give GST-compliant purchasing invoices to you. You can customise your bill with your organisation's logo.
A tax invoice is commonly assigned to load the tax and pass on the input tax credit. A GST filing process documentation Invoice must have the ensuing vital fields-
- HSN / SAC code
- Taxable worth and limits
- Signature of the supplier
- Client and taxpayer’s GSTIN
- Rate and volume of taxes, for example, CGST/ SGST/ IGST
- Invoice figures and days
- Rate and volume of taxes, for example, CGST/ SGST/ IGST
- Territory of supply
- Item details, for example, classification, quantity (number), unit (meter, kg etc.), the total amount
- Regardless of whether GST is payable on the converse charge premise
- Customer title
New GST Return Filing in India
As indicated by the 31st GST Council Meet, the returns under GST would be presented to taxpayers. This return framework will incorporate straightforward returns for the comfort of filing over taxpayers enrolled under the GST. There will be one principal return, GST RET-1, and 2 annexures, GST ANX-1 and GST ANX-2, to be presented each month, except for small taxpayers (turnover up to Rs 5 crore in the former money-related year who can select to record a similar quarterly).
Structures under the New GST Return Filing System
The essential GST Return Filing, GST RET-1, will incorporate details of all supplies made, input tax extension benefited, and the alteration of taxes, along with interest, assuming any. The return referenced above will comprise two Annexure forms, especially ‘GST ANX-1 and GST ANX-2'. 'GST ANX-1' (Annexure of Outward Supplies) is for announcing subtleties of every single outward gracefully, internal supplies obligated to turn around the charge, and import of goods and services that should be accounted for receipt insightfully (except for B2C supplies) consistently. 'GST ANX-2' (Annexure of Inward Supplies) will distribute details of every interior supply. Most noteworthy of these highlights will be auto-drafted from the details transferred by the providers in their 'GST ANX-1'.
Difference Between Previous and New GST Return Filing Systems
Previous Return Filing System | New GST Return Filing System |
Small Taxpayers: Annual turnover is up to Rs 1.5 crore in the previous financial year. | Small Taxpayers: Annual turnover is up to Rs 5 crore in the previous financial year. |
Multiple return forms are to be submitted – GSTR-1, GSTR-5, GSTR-4, GSTR-6, GSTR-7 and so on. | Single GST Return Filing form GST RET-1 ceding 2 annexure GST ANX-1 and GST ANX-2 to be submitted by all classes of taxpayers |
Invoices of revenues can be filed only at the time of filing of returns of outward departing supplies | A process for the continuous upload of revenue invoices on a period-of-time basis |
Misplaced amendments and invoices, if any, could only be made in the return of the pursuing tax period | Missing amendments and invoices, if any, can be made by submitting an Amendment Return |
Input tax credit: on the basis of a self-declaration | Input tax credit: based on invoices submitted by the supplier |
Significant Changes Included in the New GST Return Filing System
There Are Specific Changes Introduced In The 'New Return System'-
- Harmonized System of Nomenclature code must submit subtleties during documentation during a different HSN outline. Additionally, a user will get 'HSN' using GST ANX-2, where a provider should announce the HSN code.
- Offline Demo Tool: With this, a taxpayer will have the option to work across different pages. The model referenced above will likewise permit a client to go through different tasks, for example, drop-down lists, transfer of receipts, transfer of the acquisitions and so forth.
- The provider in the 'GST ANX-1' need not show the B2B supply mechanism; notwithstanding, the total sum should show in 'GST RET-1'.
- Inward supplies at risk to RCM must be pronounced in GST ANX-1 at the GSTIN level beneficiary of provisions.
- The hypothesis of B2C-L got sold. As far as possible, for small taxpayers will be Rs 5 crores.
- Any recipient can report avoiding solicitations at a receipt level.
Type of Invoices under the New GST Return Filing System in India
There are various terms remembered for the current return system concerning the transfer of invoices–
Disappeared Invoices: If any provider claims ITC given not transferring solicitations, it is called missing invoices.
Locking Of Invoices: A recipient will have the chance to make sure in a receipt if he clicks with the subtleties broadcasted in that invoice. Suppose there is a vast amount of solicitations. In that case, it may not be conceivable to secure specific invoices, and in such instances, consider making sure that invoices will be done on those invoices transferred which are not denied.
Unlocking Of The Invoices: An invoice on which a beneficiary has just profited ITC will be regarded as a bolted invoice and will not be subject to upgrades. The provider would need to begin a charge/credit note if any change was made to a specific invoice. Any erroneously locked invoice can be opened by the beneficiary on the web, exposed to an inversion of the ITC guarantee made after the online affirmation.
Pending Invoices:
- Conditions apply to the Circumstances:
- The recipient lacks the flexibility
- The beneficiary imagines that there is a need for an improvement in the invoice.
- Rejected Invoices: Suppose the GSTIN is filled erroneously by the provider. In that case, the invoice will be obvious for a citizen who isn't the beneficiary of such supplies and won't be qualified to be taken on these invoices.
If any provider claims ITC given not transferring solicitations, it is called missing invoices.
A recipient will have the chance to make sure in a receipt if he clicks with the subtleties broadcasted in that invoice. Suppose there is a huge amount of solicitations. In that case, it may not be conceivable to secure specific invoices, and in such cases, consider making sure that invoices will be done on those invoices transferred which are not denied.
An invoice on which a beneficiary has just profited ITC will be regarded as a bolted invoice and will not be subject to upgrades. The provider would need to begin a charge/credit note if any change was made to a specific invoice. Any erroneously locked invoice can be opened by the beneficiary on the web, exposed to an inversion of the ITC guarantee made after the online affirmation.
Conditions apply to the Circumstances:
- The recipient lacks the flexibility
- The beneficiary imagines that there is a need for an improvement in the invoice.
- Suppose the GSTIN is filled erroneously by the provider. In that case, the invoice will be obvious for a citizen who isn't the beneficiary of such supplies and won't be qualified to be taken on these invoices.
ITC- Input Tax Credit According to the New GST Return Filing System
Settling ITC will consider transferring receipts by the provider within the specified time, as it were. An invoice transferred online by the provider within the 10th of every month will be noticeable persistently for the recipient. The taxes are payable after that could be guaranteed as 'ITC' will be posted on the ITC plain structure of the beneficiary's return before the eleventh of the exceptionally one month from now. In any case, viewing tools will be constant.
'Amendment Returns' under the 'New GST Return Filing System', a taxpayer will be qualified to record two correction returns for each duty period. A taxpayer will additionally be permitted to get an instalment through an alteration return which naturally will help in sparring liabilities on interests. In an issue where ITC is conceivable in the taxpayer's electronic credit ledger (ECL), it can look at the utility for paying the at-risk commitments in the bill return.
In issues where the beneficiary has recognised and made sure about an invoice, correction of that invoice will not grant. To alter, either a provider will raise a charge/credit note, or a provider can look for the assistance of the beneficiary in opening the receipt with the goal that he will have the option to correct it by recording a revised return.
